What Is Renters Insurance?

Renters insurance is similar to a homeowners policy, but is designed to fit the needs of someone renting an apartment, home, condo or other type of property. A renters policy covers your personal property if it’s damaged by a covered event, like theft, fire or a storm. And it includes liability coverage for medical bills and lawsuits if a guest is accidentally injured in your apartment or home. It’ll even cover you for additional living expenses if your place becomes unlivable due to a covered event.

Whether at home, at work or traveling across the country, renters insurance has your back. Take a look at the benefits of having renters insurance for your apartment or home with American Family Insurance and gain peace of mind that you’re protecting everything that matters most.

2019 J.D. Power Highest customer satisfaction award

#1 in Customer Satisfaction among Rental Insurance Providers

For J.D Power 2019 award information, visit jdpower.com/awards.

How Much Does Apartment & Home Rental Insurance Cost?

Renters insurance doesn’t cost as much as you think. There are a number of factors — like location, the estimate of your possessions and added coverage — taken into account when determining your cost, so the price for renters insurance will be different for everyone. But for the most part a typical premium for renters insurance is usually less than the price of one dinner out with friends a month.

How much should you pay for renters insurance for your home or apartment?

Renters insurance is designed to help protect you financially from unexpected instances, so the cost of your renters insurance shouldn’t break the bank. On average, many people pay between $10-$20 a month for renters insurance. You may pay more if you add on coverages or increase your personal property or liability limits, but renters insurance is meant to be an affordable way to help you protect the things you work hard for.

Is it worth getting renters insurance?

We think so.

Consider all of your personal property, like clothing, electronics and furniture — your things add up quicker than you think! If the unexpected were to occur and you had to replace all of your belongings, would you have enough to cover the cost? Renters insurance is a smart, affordable way to help protect your pockets from potentially expensive unexpected events.

Get a Renters Insurance Estimate Fast

People Near You Pay

Per Month On Average

CONTINUE

Save With Renters Insurance Discounts

Looking for ways to save? We offer more than a few ways for you to keep more cash in your pocket. Some popular discounts include:

Paperless Discounts
AutoPay Discounts
Bundle Discounts

View Renters Insurance Discounts >

Get the Right Coverage: Questions to Ask Your Agent

We've highlighted some key things for you to discuss with your agent so that you can be sure you get the right coverages for your stuff. Check out our helpful guide.

View the Resource >

Renters Benefits From American Family Insurance

Bundle & Save

On average, you could save 29% on your auto coverage and 15% on your renters coverage.*

Easy Account Access On-the-Go

Download our MyAmFam App to pay bills and get your proof of insurance cards in just a few taps!

24/7 Claims Support

Nobody looks forward to making a claim, but our industry-leading claims experience is fast, convenient and 100% focused on getting you back to what matters most with as little interruption as possible.

Get Started With a Renters Insurance Quote

*Discount and savings amounts and eligibility will vary. Some restrictions apply. Discounts may vary by state, property policy form and company underwriting the homeowners policy. Discounts may not apply to all coverage on a property policy.

Start a New Quote